European venture capital fund software#
Previous beneficiaries include: manufacturing platforms Litmus, Raven, and SmartEx digital infrastructure software firms Edge Impulse, Expeto, and Xage and autonomous mobility companies Agtonomy, EquipmentShare, and Fixposition. Momenta has made over 100 investments across four Industry 4.0 fund. Momenta said it will continue to supply ecosystem support and “value creation expertise”.
European venture capital fund plus#
The new Industry 5.0 fund will offer venture capital support to startups in Europe (European Union and European Free Trade Zone), plus in the UK, US, and Canada.
The watchword is “human-centric” Industry 4.0. Momenta, which has has lent a helping hand to industrial IoT data platforms ThingWorx (acquired by PTC) and PLAT.ONE (acquired by SAP), as well as predictive IoT maintenance platform Senseye (acquired by Siemens), and run LoRaWAN venture funds besides, said the funds will go to “early growth-stage innovators” selling digital change to the energy, manufacturing, buildings, and supply chain sectors. Indeed, this concept of Industry 5.0 was the theme of the event – on the main stage, at least even as exhibitors on the floor told RCR Wireless that environmental, social, and governance (ESG) targets are being met without much tweaking by Industry 4.0 solutions. Speaking at IOTSWC today (January 31) that industrial change works best when workers are in charge of it, and both business productivity and environmental sustainability are its consequences. The new fund is backed by the European Commission, which told IoT Solutions World Congress (IOTSWC) in Barcelona, where the Momenta fund was announced, that the Industry 4.0 movement is too tech-focused, and has failed to prioritise people and the planet.
Zurich-based venture capital group Momenta has launched a $100 million target fund for ‘Industry 5.0’ tech – basically, for startups pushing Industry 4.0 with-a-conscience.
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